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Winshine Science Co., Ltd. (0209) AI Stock Analysis

HK:0209

Winshine Science Co., Ltd.

(HKEX:0209)

Select Model
Rating:38.5Underperform
Price Target:HKD 0.78â–¼(-6.27% Downside)
Action:reiterated
Date:10/24/26

The score is driven primarily by severe financial weakness, including negative equity, sustained losses, and persistent cash burn. Bearish technical trends and an unusable negative P/E further limit the score.

Positive Factors
EPS GrowthReported EPS growth provides a limited positive signal within an otherwise loss-making period. If sustained, improvement in per-share earnings could indicate progress in operating performance, but its durability remains uncertain because the company still reports widening losses and negative margins.
Negative Factors
Revenue and Profitability DeclineThe combination of falling revenue, a shift from gross profit to gross loss, and widening net losses shows broad deterioration rather than a single below-trend quarter. Persistently weaker operating economics could reduce reinvestment capacity and make a durable earnings recovery more difficult.

Winshine Science Co., Ltd. (0209) vs. iShares MSCI Hong Kong ETF (EWH)

-100%-50%0%50%100%150%200%250%300%HK:0209-51.49%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 123.31M
Dividend Yield
―
Average Volume (3M)
8.82M
Price to Earnings (P/E)
-0.2
Beta (1Y)
-0.45
Revenue Growth
-16.62%
EPS Growth
22.49%
Country
Hong Kong
Employees
1,461
Sector
Consumer Cyclical
Sector Strength
61
Industry
Leisure

Winshine Science Co., Ltd. Business Overview & Revenue Model

Company Description

Poly Xverse Intelligent Technology Co. Ltd, an investment holding company, manufactures and trades in toys in Hong Kong, the People's Republic of China, the United States, Europe, Korea, Australia, and Japan. It operates in two segments, Toys and Agr...

How the Company Makes Money

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Winshine Science Co., Ltd. Financial Statement Overview

Summary

Severe financial distress: persistent losses, negative equity of HK$217.7 million, negative operating cash flow, and negative free cash flow. The underlying statement scores average 8.3/100, which maps to the minimum permitted component score.

Income Statement

8Very Negative

Balance Sheet

5Very Negative

Cash Flow

12Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue394.53M382.39M515.91M523.26M849.10M724.63M
Gross Profit-30.13M-30.27M12.80M39.27M97.88M37.26M
EBITDA-64.36M-68.88M-26.74M5.74M36.37M-95.91M
Net Income-98.70M-92.83M-73.03M-28.65M8.08M-136.01M
Balance Sheet
Total Assets340.70M331.10M352.88M414.32M340.95M550.35M
Cash, Cash Equivalents and Short-Term Investments61.14M47.85M55.26M119.33M49.77M66.63M
Total Debt200.88M257.17M219.56M243.96M195.73M276.62M
Total Liabilities418.85M551.03M493.37M495.19M430.59M649.29M
Stockholders Equity-75.90M-217.67M-139.04M-80.06M-89.65M-98.94M
Cash Flow
Free Cash Flow-120.77M-21.47M-50.08M-3.62M10.96M-42.29M
Operating Cash Flow-117.57M-18.11M-40.57M9.49M20.77M-32.75M
Investing Cash Flow25.91M-2.99M-5.94M-12.25M37.62M23.34M
Financing Cash Flow150.26M49.76M-11.71M71.93M-63.31M2.31M

Winshine Science Co., Ltd. Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.83

Price Trends

50DMA0.64Positive
100DMA3.03Negative
200DMA3.25Negative

Market Momentum

MACD-0.01Negative
RSI51.19Neutral
STOCH22.83Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0209, the sentiment is Neutral. The current price of 0.83 is above the 20-day moving average (MA) of 0.68, above the 50-day MA of 0.64, and below the 200-day MA of 3.25, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 51.19 is Neutral, neither overbought nor oversold. The STOCH value of 22.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0209.

Winshine Science Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:0209 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:9992HK:999279OutperformHKD 177.66B11.7357.49%2.02%86.78%101.48%
HK:1086HK:108670OutperformHKD 2.32B6.086.09%18.05%0.34%40.53%
HK:0869HK:086964NeutralHKD 540.86M-75.00-0.68%14.58%-23.66%-152.03%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
HK:0635HK:063555NeutralHKD 1.02B-4.13-5.52%9.09%-18.78%42.15%
HK:0180HK:018040UnderperformHKD 215.78M-0.91-14.23%―4.04%-16.43%
HK:0209HK:020939UnderperformHKD 147.97M-0.2467.24%―-16.62%22.49%

* Consumer Cyclical Sector Average

Performance Comparison

0%200%400%HK:0209HK:1086HK:0869HK:0635HK:0180HK:9992Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:0209 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0209Winshine Science Co., Ltd.0.83-0.28-24.95%
HK:1086Goodbaby International Holdings 1.390.4750.87%
HK:0869Playmates Toys 0.48-0.06-11.11%
HK:0635Playmates Holdings 0.490.012.06%
HK:0180Kader Holdings Co. Ltd.0.230.0317.01%
HK:9992Pop Mart International Group Limited134.90-87.75-39.41%

Winshine Science Co., Ltd. Corporate Events

Poly Xverse Raises HK$10.35 Million Through Share Placing to Fund Operations

Oct 23, 2026

Poly Xverse Intelligent Technology Co. Ltd. has completed a placing of 29,710,000 new shares under its general mandate at HK$0.360 per share, expanding its issued share capital by about 20% to 178,277,180 shares. The new shares, representing roughly...

Poly Xverse Accelerates Share Placing and Raises Price to Fund Operating Costs

Oct 13, 2026

Poly Xverse Intelligent Technology Co. Ltd., incorporated in Bermuda and listed in Hong Kong, operates in the technology sector and trades its shares on the Main Board under stock code 209. The company relies on equity financing via general mandates...

Poly Xverse Plans HK$10 Million Share Placement to Fund Operations

Oct 2, 2026

Poly Xverse Intelligent Technology Co. Ltd. has entered into an agreement with Theia Securities Limited to place up to 29,713,436 new shares under its existing general mandate. The placement will be conducted on a best-effort basis to at least six in...

Poly Xverse Chairman Resigns as Board Stresses Smooth Leadership Transition

Sep 7, 2026

Poly Xverse Intelligent Technology Co. Ltd., a Bermuda-incorporated company listed on the Hong Kong Stock Exchange under stock code 209, operates in the intelligent technology industry. The firm’s board currently includes Chief Executive Office...

Poly Xverse Updates Board and Committee Structure

Sep 7, 2026

Poly Xverse Intelligent Technology Co. Ltd, incorporated in Bermuda and listed in Hong Kong under stock code 209, operates with a board structure that separates executive leadership from independent oversight. The company’s governance framework...

Poly Xverse posts wider interim loss despite revenue growth

Aug 31, 2026

Poly Xverse Intelligent Technology Co. Ltd., incorporated in Bermuda and listed on the Hong Kong Stock Exchange, operates in the intelligent technology sector through a group structure. The company derives its revenue from sales of technology-related...

Poly Xverse Relocates Hong Kong Head Office to Central Business District

Aug 24, 2026

Poly Xverse Intelligent Technology Co. Ltd announced that its head office and principal place of business in Hong Kong will be relocated to the 15th Floor, Queen’s Road Centre, No. 152 Queen’s Road Central in Central, effective 24 August...

Poly Xverse revamps board with new independent director

Aug 19, 2026

Poly Xverse Intelligent Technology Co. Ltd. has announced changes to its board, with independent non-executive director Guo Jianwei resigning from the board and its audit, remuneration and nomination committees effective 19 August 2026. The company s...

Poly Xverse Updates Board and Committees to Bolster Governance

Aug 19, 2026

Poly Xverse Intelligent Technology Co. Ltd has updated its board composition effective 19 August 2026, confirming Zhao Kai as chairman, An Pingyan as chief executive officer, and Yiu Chun Kong as executive director, alongside four independent non-exe...

Poly Xverse Sets August Board Meeting to Review Interim Results and Dividend

Aug 19, 2026

Poly Xverse Intelligent Technology Co. Ltd. has scheduled a board meeting for 31 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The directors will also consider whether to recommend an interim dividend, a...

Poly Xverse Overhauls Leadership With New Chairman, CEO and Board Roles

Jul 31, 2026

Poly Xverse Intelligent Technology Co. Ltd. has announced a sweeping leadership reshuffle effective 1 August 2026, with executive director, chairlady and chief executive officer Ms. Wang Jingyu stepping down to focus on other business commitments. Th...

Poly Xverse Refreshes Board and Committee Structure Ahead of August 2026

Jul 31, 2026

Poly Xverse Intelligent Technology Co. Ltd. has updated the composition of its board of directors effective 1 August 2026, naming Zhao Kai as chairman, An Pingyan as chief executive officer, and Yiu Chun Kong as executive director alongside four inde...

Poly Xverse Updates Bermuda Registered Office Without Changing Share Registrar Arrangements

Jul 31, 2026

Poly Xverse Intelligent Technology Co. Ltd has announced a change of its registered office address in Bermuda, effective 3 August 2026, relocating to Richmond House on Par-la-Ville Road in Hamilton. The company confirmed that its principal share regi...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 24, 2026